Fed hikes key interest rate 0.75 percentage points as it battles inflation
"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
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"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
The Fed could lift rates by 0.75-percent.
The expected 0.75-percent boost would be the biggest since 1994. KDKA's Lindsay Ward has the story.
It will be the largest rate hike in more than two decades, so why is the Federal Reserve making this move?
For the second time since 2018 the Federal Reserve is expected to hike interest rates. KDKA's Lindsay Ward has the details and how this will impact your wallet.
The Federal Reserve is working to mitigate the financial fallout from coronavirus and that includes lowering mortgage rates.
The U.S. Federal Reserve slashed its benchmark interest rate by a full percentage point in a response to the COVID-19 outbreak.
For the second time in three months, the Federal Reserve has cut interest rates so what does this mean for consumers?
Chances are good you used a credit card to pay for Christmas holiday gifts this year. Now comes paying off that debt just as interest rates go up in 2017.
U.S. consumer prices edged down in August, marking the first decline in seven months and fueled by a big drop in gasoline prices.
PITTSBURGH (NewsRadio 1020 KDKA) - Does it feel like the money you earn doesn't go as far as it once did? In his new book "Money: How the Destruction of the Dollar Threatens the Global Economy – and What We Can Do About It", Steve Forbes says that it doesn't. The Chairman and Editor in Chief for Forbes Media and former presidential candidate joined KDKA's Larry Richert and John Shumway to talk about the current state of the economy.
The unemployment rate fell nationally last month, but not as much as some had hoped.
Dr. Webster Tarpley joined host Chris Moore to discuss a problem a l0t of American adults are facing, that problem is student loan debt.
On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
The U.S. Senate and Federal Reserve are hammering out the final details on big changes that will affect how you use your debit card.
An Ohio man considered a suspect in the disappearance of a 17-year-old girl from Indiana led investigators to her remains, the Hocking County Sheriff's Office announced this week.
Troopers found nearly two pounds of cocaine after a traffic stop on the Pennsylvania Turnpike, the Westmoreland County District Attorney's Office announced.
Investigators have no proof that the missing mother of "Today" show host Savannah Guthrie is still alive but are holding out hope she is "still out there," the sheriff said.
After getting stuck on the railroad tracks, the truck was hit by a train and sent into the porch of a nearby home.
36-year-old Glenn Thomas was taken into custody as a joint investigation between several federal, state, and local agencies.
An Ohio man considered a suspect in the disappearance of a 17-year-old girl from Indiana led investigators to her remains, the Hocking County Sheriff's Office announced this week.
Troopers found nearly two pounds of cocaine after a traffic stop on the Pennsylvania Turnpike, the Westmoreland County District Attorney's Office announced.
Investigators have no proof that the missing mother of "Today" show host Savannah Guthrie is still alive but are holding out hope she is "still out there," the sheriff said.
After getting stuck on the railroad tracks, the truck was hit by a train and sent into the porch of a nearby home.
36-year-old Glenn Thomas was taken into custody as a joint investigation between several federal, state, and local agencies.
The bipartisan "Bell-to-Bell" bill bars students from using their phones any time they're in school, not just during instructional periods.
It was only a few months ago that Pennsylvania passed the 2025 budget several months late, and now the process begins for this year.
Pennsylvania Gov. Shapiro delivered his fourth budget address at the State Capitol in Harrisburg, three months after last year's budget was passed by state lawmakers.
A federal judge on Monday blocked the Trump administration from revoking Temporary Protected Status for Haitians, granting a last-minute reprieve to 350,000 immigrants who were set to lose protections on Tuesday.
Five-year-old Liam Conejo Ramos and his father were released from ICE custody on Sunday, a day after a federal court ordered their release.
A woman and her husband are fighting for a $400 refund after they bought furniture from a Value City Furniture store.
It's the end of an era for a grocery store in Carrick.
A Pennsylvania couple says Kia wrongly denied a warranty claim after their car's engine failed at 80,000 miles.
Scams targeting utility customers are on the rise in Pennsylvania, the attorney general says.
A handful of Pittsburgh-area Value City Furniture stores are going out of business after their parent company filed for bankruptcy.
Daisy Jade is back at Neubauer's Flowers and while we still deal with the cold and snow, they're thinking spring!
Pittsburgh Magazine's Sean Collier is back like he is every Thursday giving you the best of the burgh for this weekend!
We find Team PTL's Daisy Jade at Neubauer's Flowers in Uniontown where she's finding some of the perfect flowers for Valentine's Day!
While Heather and David might be joined in the PTL Kitchen by Cesina's Sausage owner John Costanza, today is more about resilience than it is food.
Every great love story has a beginning, and maybe some bubbly! Elizabeth Langbell from Fine Wine & Good Spirits joins Heather and David to show them a sampling of the best and most affordable sparkling wines for Valentine's Day!
Residents of Millvale are trying to get back to normal after last weekend's major snowstorm.
Tracing the past of Shane Hennen and how his troubled life in Pittsburgh pointed to his future downfall.
People in Avella, Washington County, say they have no phone coverage.
Residents and leaders in Charleroi are concerned about the integrity of roads after a trench collapse last year and ongoing construction.
Patrick Vereb is accused of taking money from pet owners who believed their animals would receive dignified cremations.
Southwestern Pennsylvania's cold and snowy winter is taking its toll on more than just our roadways and walkways.
The Liberty-Clairton area is under a code orange air quality action day, according to the Pa. Dept. of Environmental Protection.
The cold weather and lingering snow affect more than just the roads and our cars, it affects our brains.
After the historic snowfall, dangerously low temperatures crept into the Pittsburgh region, bringing a hidden danger that can turn painful in seconds.
The yearly tradition marks the start of months of training for Pittsburgh Marathon participants.
Brian Angelichio has spent the last four seasons as the passing game coordinator and tight ends coach for the Minnesota Vikings.
Western Pennsylvania has historically been a hotbed for producing talent that succeeds in the NFL.
Peyton, Kendall, and Chase Coury have the Burrell Bucs in position to make the WPIAL playoffs.
The Lions fan who was involved in an altercation with Steelers WR DK Metcalf and filed a $100 million lawsuit held a press conference.
Gavin McKenna is facing multiple charges, including felony aggravated assault, according to court records.
More than 140 employees at Nemacolin were informed they were being let go.
It's been about six years since the pandemic, and a lot of people working from home, but now companies are slowly calling them back to the office.
Pittsburgh Mayor Corey O'Connor on Tuesday announced a new initiative aimed at revitalizing neighborhood business districts across the city.
A handful of Pittsburgh-area Value City Furniture stores are going out of business after their parent company filed for bankruptcy.
It has been five years since the home improvement retailer Menards bought a large parcel of land off Route 30 in Westmoreland County.
Filming for the final season of "Mayor of Kingstown" is expected to take place between March and June.
Many Super Bowl 60 ads are already online, along with teasers for commercials that will be unveiled during the NFL championship on Feb. 8.
"Stick Season" singer Noah Kahan is coming to Pittsburgh this summer.
Music's biggest night returned Sunday with the 68th annual Grammy Awards. Here is how to watch and stream and what to know.
Catherine O'Hara was best known for her comic performances in projects including "Home Alone," "Beetlejuice," and "Schitt's Creek."
New research shows one in three U.S. teens use chatbots every single day for everything from schoolwork to personal advice. Experts say parents should be paying attention to what’s being shared and who, or what, is on the other side. Dr. Jess Ghilani is here to explain what’s safe and how to set smart boundaries.
Between dance and Monster Jam, there's plenty to cheer about this week in Pittsburgh.
Mom of three Tiffany Johnson lost her right arm in a shark attack nearly a decade ago. She’s in Pittsburgh to speak to young kids about using your worst day as fuel, fire and friendship.
There's a lot of buildup before Phil makes his big prediction in Punxsutawney. Boaz has more in "The Groundhog Diaries."
What's an ice dam? Ron explains — all while trying to remember the word "pantyhose."
Mike Tomlin stepped down as head coach of the Pittsburgh Steelers after 19 seasons with the team.
Pitt's regular season has ended with an 8-4 record.
Pitt's five-game winning streak came to an end with a 37-15 loss to Notre Dame.
Mason Heintschel set a new Pitt freshman single-game passing record in the Pitt win at Acrisure Stadium.
The 44th annual KDKA-TV Turkey Fund will help our neighbors in need have a nice meal for Thanksgiving.
